This is fantastic! You forgot about Michael Lewis. You have the basis for much better book and/or movie. Can the establishment's behavior be explained by their embarrassment? How did these smart, rich, and powerful people be so fooled? It's easier to obfuscate and muddle the situation than confront their inadequacies. Of course, this doe…
This is fantastic! You forgot about Michael Lewis. You have the basis for much better book and/or movie. Can the establishment's behavior be explained by their embarrassment? How did these smart, rich, and powerful people be so fooled? It's easier to obfuscate and muddle the situation than confront their inadequacies. Of course, this does not justify their behavior and inaction. Or, do you think it is more nefarious on their part?
This is fantastic! You forgot about Michael Lewis. You have the basis for much better book and/or movie. Can the establishment's behavior be explained by their embarrassment? How did these smart, rich, and powerful people be so fooled? It's easier to obfuscate and muddle the situation than confront their inadequacies. Of course, this does not justify their behavior and inaction. Or, do you think it is more nefarious on their part?
Sequoia got embarassed as well. Here are the full receipts: https://yuribezmenov.substack.com/p/sequoia-ftx-214million-disaster